Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$348,487$348,487$373,500
Remaining term (yrs)25.825.830.0
Secondary amount$0$25,013$0
Funding fee$0$0$0
Note rate5.41%5.41%7.18%
Blended rate6.26%6.443%7.42%
1st payment$2,086.06$2,086.06$2,530.22
2nd payment$0.00$187.60$0.00
Taxes / mo$139.58$139.58$139.58
Insurance / mo$150.00$150.00$150.00
MI / mo$262.85$262.85$74.70
HOA / mo$75.00$75.00$75.00
Total monthly$2,713.49$2,901.09$2,969.50
Cash to close$66,513$41,500$41,500